In the face of Mexican regulations capping solar energy generation at 500 kWp on rooftop installations, many businesses find themselves constrained in their efforts to leverage solar for energy savings and environmental impact. This, combined with the country's growing allure for businesses, escalating energy demands, and rising costs, poses significant challenges. Mexico aims to source 35% of its energy from clean technologies by 2024. Finsolar's response is the launch of ExpandSolar+, a financing model enabling solar panel installation on third-party properties. This initiative not only circumvents regulatory limitations but also significantly reduces energy expenditures, potentially to zero.
ExpandSolar+ stands out by offering structured financing over 30 years at low interest rates, with performance guarantees, thus removing the barrier of initial investment. The program also supports the generation of CO2 emission reduction certificates (I-RECs), bolstering companies' sustainability credentials.
Ian de la Garza, CEO of Finsolar, articulates that ExpandSolar+ permits energy-intensive sectors to eliminate their electricity costs by strategically placing solar panels on varied rooftops. This approach ensures compliance with the 500 kWp limit while directly benefiting the companies' bottom lines, propelling them towards a more sustainable, low-carbon future that harmonizes economic and environmental objectives.
Finsolar's initiative empowers businesses to actively combat climate change, enhance their sustainability profiles, and fulfill social responsibility mandates, all while enjoying tax benefits and reduced operating expenses.
